Buhari asks to borrow N819.5 billion to finance 2022 supplementary budget

📆 22/12/2022 1:45 am
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President Muhammadu Buhari has asked the House of Representatives to approve N819.5 billion supplementary budget for 2022. In a letter read by Speaker

President Muhammadu Buhari has asked the House of Representatives to approve N819.5 billion supplementary budget for 2022.

He noted that if the supplementary budget is approved, it will take a total deficit in 2022 to N8.17 trillion. “The president writes that 2022 has witnessed the worst flood incident in recent history which has caused massive destruction of farmlands at a point already close to harvest season, this may compound the situation of food security and nutrition in this country,” the letter reads.

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